Empirical Finance LLC Has $1.08 Million Position in Entergy Corporation (NYSE:ETR)

Empirical Finance LLC lifted its position in Entergy Corporation (NYSE:ETR) by 98.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,191 shares of the utilities provider’s stock after acquiring an additional 7,025 shares during the period. Empirical Finance LLC’s holdings in Entergy were worth $1,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its holdings in Entergy by 104.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,720 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 1,389 shares during the period. Advisors Preferred LLC acquired a new stake in Entergy during the 4th quarter worth $6,052,000. Apollon Wealth Management LLC lifted its holdings in Entergy by 183.3% during the fourth quarter. Apollon Wealth Management LLC now owns 6,162 shares of the utilities provider’s stock worth $467,000 after acquiring an additional 3,987 shares in the last quarter. Cidel Asset Management Inc. grew its stake in Entergy by 100.0% in the fourth quarter. Cidel Asset Management Inc. now owns 3,790 shares of the utilities provider’s stock valued at $287,000 after acquiring an additional 1,895 shares during the period. Finally, Conning Inc. bought a new stake in shares of Entergy in the fourth quarter worth about $219,000. Institutional investors own 88.07% of the company’s stock.

Entergy Stock Performance

Shares of NYSE ETR opened at $81.81 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.59 and a current ratio of 0.89. The stock has a 50 day moving average price of $77.68 and a 200 day moving average price of $69.84. The stock has a market capitalization of $35.08 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.53 and a beta of 0.72. Entergy Corporation has a 52 week low of $48.08 and a 52 week high of $84.26.

Entergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.93%. Entergy’s payout ratio is 58.39%.

Insiders Place Their Bets

In other Entergy news, insider Deanna D. Rodriguez sold 6,088 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $73.94, for a total transaction of $450,146.72. Following the transaction, the insider now owns 3,952 shares of the company’s stock, valued at $292,210.88. The trade was a 60.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley upgraded Entergy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Monday, November 4th. Royal Bank of Canada upped their price target on shares of Entergy from $68.50 to $70.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Scotiabank dropped their price objective on shares of Entergy from $165.00 to $82.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 7th. UBS Group upped their target price on shares of Entergy from $72.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Mizuho lifted their price target on Entergy from $69.00 to $82.50 and gave the company an “outperform” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Entergy has a consensus rating of “Moderate Buy” and a consensus price target of $79.81.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.